RateCity.com.au
powering smart financial decisions
Adelaide Bank

SmartFit Loan

Interest Rate

3.23

% p.a

Variable

Comparison Rate*

3.28

% p.a

Maximum LVR
Less than 90%
Real Time Rating™

1.92

/ 5
Monthly Repayment

$1,459

based on $300,000 loan amount for 25 years at 3.23%

Interest Rate

3.23

% p.a

Variable

Comparison Rate*

3.28

% p.a

Maximum LVR
Less than 90%
Real Time Rating™

1.92

/ 5
Monthly Repayment

$1,459

based on $300,000 loan amount for 25 years at 3.23%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,459

based on $300,000 loan amount for 25 years at 3.23%

Quick home loan review

For SmartFit Investment Loan (Interest Only) (LVR 80%-90%)

These are the benefits of this home loan.

  • 100% full offset account
  • Redraw facility available
  • Extra repayments and redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For SmartFit Investment Loan (Interest Only) (LVR 80%-90%)

TMD

Details

Maximum LVR

Less than 90%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Investors

Loan term range

5 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $50

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

498

Application fee

299

Valuation fee

$0

Settlement fee

199

Other upfront fee

0

Ongoing fee

$15 monthly

Discharge fee

325

Application method

Online

Phone

In branch

Target Market Determination

Visit Adelaide Bank to view Target Market Determination.

Other Restrictions

Max LVR w/ LMI 90% for IO, repayment frequency for IO is monthly

Embed

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $5,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 89.99 percent, which means it requires a minimum deposit of 10.01 percent

What's the maximum length for this loan?

Adelaide Bank allows you to have this loan for a range of 5 to 30 years.

How often can you make repayments?

Adelaide Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $498 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $50 if you need to use it.

Where can you apply for this loan?

Adelaide Bank makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Adelaide Bank loan is available through a broker. Find a broker to help you with your needs.